KB Financial Group Inc. (NYSE:KB) Shares Bought by Ramirez Asset Management Inc.

Ramirez Asset Management Inc. raised its position in shares of KB Financial Group Inc. (NYSE:KB) by 0.7% in the 4th quarter, Holdings Channel reports. The firm owned 243,300 shares of the bank’s stock after acquiring an additional 1,609 shares during the period. KB Financial Group accounts for approximately 2.8% of Ramirez Asset Management Inc.’s holdings, making the stock its 2nd largest position. Ramirez Asset Management Inc.’s holdings in KB Financial Group were worth $13,844,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in shares of KB Financial Group during the fourth quarter worth about $7,301,000. Public Employees Retirement System of Ohio acquired a new stake in shares of KB Financial Group in the third quarter valued at about $7,291,000. Teachers Retirement System of The State of Kentucky raised its position in shares of KB Financial Group by 15.2% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 426,430 shares of the bank’s stock worth $26,332,000 after acquiring an additional 56,400 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of KB Financial Group by 4.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 815,893 shares of the bank’s stock worth $46,424,000 after acquiring an additional 36,394 shares during the period. Finally, Yousif Capital Management LLC boosted its holdings in KB Financial Group by 576.3% in the fourth quarter. Yousif Capital Management LLC now owns 41,191 shares of the bank’s stock valued at $2,344,000 after acquiring an additional 35,100 shares during the last quarter. 11.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on KB. Morgan Stanley upgraded shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a report on Thursday, December 12th. StockNews.com cut shares of KB Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, March 21st.

KB Financial Group Stock Down 1.4 %

Shares of NYSE KB opened at $55.13 on Friday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29. The firm has a market cap of $21.70 billion, a PE ratio of 6.43, a P/E/G ratio of 0.52 and a beta of 0.99. The company’s fifty day simple moving average is $57.56 and its 200 day simple moving average is $61.38. KB Financial Group Inc. has a 12-month low of $45.59 and a 12-month high of $72.89.

KB Financial Group (NYSE:KB) last announced its quarterly earnings results on Wednesday, March 5th. The bank reported $1.21 earnings per share (EPS) for the quarter. The business had revenue of $2.94 billion for the quarter. KB Financial Group had a return on equity of 7.71% and a net margin of 12.33%. As a group, sell-side analysts forecast that KB Financial Group Inc. will post 8.87 earnings per share for the current fiscal year.

KB Financial Group Profile

KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments.